Northstar Realty Finance (NRF) Declares $0.40 Quarterly Dividend; 8.5% Yield
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Northstar Realty Finance (NRF) Will Spin European Real Estate Assets into Public REIT
February 26, 2015 8:40 AM ESTNorthstar Realty Finance (NYSE: NRF) announced that its Board of Directors unanimously approved a plan to spin-off its European real estate business into a separate publicly-traded REIT, NorthStar Realty Europe Corp. ("NorthStar Realty Europe"). NorthStar Realty Europe is expected to be listed on the New York Stock Exchange and the Company is evaluating a dual-listing in Europe. NorthStar Realty Europe will be managed by NorthStar Asset Management Group Inc. (NYSE: NSAM) pursuant to a management agreement substantially consistent with NorthStar Realty's existing management agreement with NSAM. NorthStar Realty currently... More
